OILU vs. COPZ

Last updated Apr 1, 2026

Compare and contrast key facts about MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and Defiance Daily Target 2X Long Copper ETF (COPZ).

OILU and COPZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OILU is managed by BMO. It was launched on Mar 24, 2017. COPZ is an actively managed fund by Defiance. It was launched on Feb 17, 2026.

Performance

OILU vs. COPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and Defiance Daily Target 2X Long Copper ETF (COPZ). The values are adjusted to include any dividend payments, if applicable.

OILU vs. COPZ - Yearly Performance Comparison

	2026 (YTD)
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	42.66%
COPZ Defiance Daily Target 2X Long Copper ETF	-27.38%

Returns By Period

OILU

• 1D: -4.17%
• 1M: 33.09%
• YTD: 137.69%
• 6M: 126.29%
• 1Y: 64.88%
• 3Y*: 11.21%
• 5Y*: —
• 10Y*: —

COPZ

• 1D: 15.41%
• 1M: -39.87%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OILU vs. COPZ - Expense Ratio Comparison

Both OILU and COPZ have an expense ratio of 0.95%.

OILU

MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN

COPZ

Defiance Daily Target 2X Long Copper ETF

Return for Risk

OILU vs. COPZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OILU

OILU Risk / Return Rank: 50
OILU Sharpe Ratio Rank: 49
OILU Sortino Ratio Rank: 56
OILU Omega Ratio Rank: 59
OILU Calmar Ratio Rank: 56
OILU Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OILU vs. COPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and Defiance Daily Target 2X Long Copper ETF (COPZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	OILU	COPZ	Difference
Sharpe ratio Return per unit of total volatility	0.86	—	—
Sortino ratio Return per unit of downside risk	1.43	—	—
Omega ratio Gain probability vs. loss probability	1.21	—	—
Calmar ratio Return relative to maximum drawdown	1.36	—	—
Martin ratio Return relative to average drawdown	2.31	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	OILU	COPZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	-0.79	+1.03

Correlation

The correlation between OILU and COPZ is -0.30. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

OILU vs. COPZ - Dividend Comparison

Neither OILU nor COPZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

OILU vs. COPZ - Drawdown Comparison

The maximum OILU drawdown since its inception was -81.00%, which is greater than COPZ's maximum drawdown of -49.79%. Use the drawdown chart below to compare losses from any high point for OILU and COPZ.

Drawdown Indicators

	OILU	COPZ	Difference
Max Drawdown Largest peak-to-trough decline	-81.00%	-49.79%	-31.21%
Max Drawdown (1Y) Largest decline over 1 year	-52.04%	—	—
Current Drawdown Current decline from peak	-36.07%	-39.87%	+3.80%
Average Drawdown Average peak-to-trough decline	-50.73%	-26.41%	-24.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.72%	—	—

Volatility

Volatility by Period

	OILU	COPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	76.32%	120.30%	-43.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.18%	120.30%	-39.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.18%	120.30%	-39.12%